Chevron U.S.A. Inc. (CUSA) is a major subsidiary of Chevron Corporation. CUSA and its subsidiaries manage and operate most of Chevron’s U.S. businesses. Assets include those related to the exploration and production of crude oil, natural gas, and natural gas liquids (NGLs) and those associated with the refining, marketing, supply and distribution of products derived from petroleum, excluding most of the regulated pipeline operations of Chevron. CUSA also holds the company’s investment in the Chevron Phillips Chemical Company LLC joint venture, which is accounted for using the equity method. The summarized financial information for CUSA and its consolidated subsidiaries is as follows:


	Year ended December 31
	2025		2024		2023
Sales and other operating revenues	$	142,048	$	149,925	$	152,347
Total costs and other deductions	136,059		145,582		144,482
Net income (loss) attributable to CUSA	5,197		4,151		4,598


	At December 31
	2025		2024
Current assets	$	18,442	$	20,153
Other assets	59,166		58,485
Current liabilities	22,943		25,825
Other liabilities	31,646		21,455
Total CUSA net equity	$	23,019	$	31,358
Memo: Total debt	$	19,371	$	8,917